Solana treasury firm Forward Industries' Q3 revenue jumps less than expected

Revenue growth was primarily driven by staking and other treasury-related income from Solana holdings.

The net loss included a $49.8 million loss on digital assets and a $15.2 million impairment, reflecting fair value changes.

The average analyst rating on the shares is buy, with three strong buy or buy ratings, and no hold, sell or strong sell ratings. The median 12-month price target is $8.00, about 86.9% above the Aug. 11 closing price of $4.28.

Solana treasury firm Forward Industries' fiscal third-quarter revenue rose sharply year over year, but it missed analyst expectations.

The company reported revenue of $10.8 million, compared with the consensus estimate of $12.58 million from three analysts. The company posted a net loss of $69 million, driven by digital asset losses and impairments.